What are the responsibilities and job description for the Compliance Director (Affordable Housing/Multi-Family position at Pratum Companies?
Director of Compliance (Multi-Family Affordable Property Management)
The Compliance Director provides leadership and support to the compliance, property management, and ownership teams to maintain compliance with and understanding of all affordable housing programs. In addition, a Compliance Director manages the day-to-day activities of the compliance specialists within their team to ensure properties are compliant with tax credit, HUD, and other housing program regulations and provides compliance technical support to compliance and property management staff.
This is not a remote position; this in an in-office role based full-time from our corporate office in Gaithersburg, MD (Washington, DC metro region). (RELOCATION ASSISTANCE AVAILABLE)
At the direction of the Senior Vice President of Compliance, the Compliance Director is directly responsible for the following:
- Lead, manage, and direct the activities of the compliance managers within their team.
- Ensure and certify all initial qualifying household files from initial move-in/qualification through 1st year recertification for all new/re-syndication LIHTC properties and units are fully vetted and in compliance with all LIHTC income requirements. This includes review and certification by in-house compliance resources as well as 3rd-Party LIHTC audit resources.
- Ensures all tenant’s files, its records, and waiting list are maintained in accordance to the governing agency’s standards.
- Liaisons and builds proactive, positive relationships with investors, state housing finance agencies, Department of Housing and Urban Development (HUD), Public Housing Agencies (PHAs)and other regulatory agencies
- Provide an audit, review, and pre-occupancy/finalization approval process for move-initial household income certifications across all applicable affordability programs for any given property/unit (ie. LIHTC, Sec. 8, Sec. 236, Home, Bond, etc.).
- Audits Resident Files for compliance with Low Income Housing Tax Credit (LIHTC or Section 42), HUD Section 8 projects as well as state and local requirements where applicable.
- Support our property managers and regional managers when they have questions regarding compliance programs or procedures.
- Provide regular updates to the VP of Compliance on the activities of their compliance team
- Pursues and maintain current, comprehensive knowledge of all affordable housing compliance programs present in Pratum Companies’ current or potential portfolio, ensuring awareness of and procedural guidelines for administering and maintaining compliance with those programs.
- Ensure all compliance-related internal and external required reporting, including annual state agency LIHTC compliance reporting, is completed and submitted accurately and timely.
- Oversees completion of files to ensure they are compliant with applicable Affordable Programs including Move-Ins, Annual Recertification, Interim Recertification, Gross Rent Changes, Terminations, and Initial Certifications.
- Monitors waitlists and EIV master binders for compliance with federal regulations and requirements.
- Assists Senior Vice President of Compliance in preparing and submitting HUD documents, such as Affirmative Fair Housing Marketing Plans, Tenant Selection Plans, lease packages, etc.
- Provides superior customer service to residents and prospective tenants by promptly responding to all incoming calls, messages, and emails in a professional, respectful manner
- Performs other duties assigned
Certifications: Formal training and/or certification in related field necessary (HCCP, SHCM, C3P, COS, CPO, BOS or equivalent).
Education: A college degree is preferred, but not required. The position requires the ability to read and write English fluently, the ability to accurately perform mathematical functions and the ability to understand and perform all software functions.
Professional Experience: A minimum of five (5) years of experience in compliance monitoring of HUD-assisted & LIHTC multifamily housing properties. Prior successful supervision and/or management experience is highly preferred.
Attendance/Travel Requirements: This is not a remote position. The role will be based in the corporate office. Site visits to communities may be required, and travel out of state may be necessary at times. Primary schedule is Monday-Friday, and the corporate office hours are 8:30-5:30 daily; schedule may shift to start earlier, end later, or include weekend work based on business needs.
Skills: The position requires, but is not limited to, the following:
- Strong written and verbal communication skills
- Proficient and experienced with Yardi
- Proficient in Microsoft Word, Excel and Outlook
- Strong knowledge of LIHTC and HUD regulations
- Strong knowledge of the IRS 8823 Guide as well as the HUD Manual 4350.3
- Ability to work in a fast-paced environment
- Ability to take charge and ownership of projects
- Self-starter and independent worker
- Intermediate-advanced knowledge of computers
- Intermediate-advanced knowledge of MS Office- Outlook, Word, Excel, Power Point
- Intermediate-advanced knowledge of Yardi
- Ability to develop advanced knowledge of other programs or systems as needed
- Basic knowledge of Internet
This role is exempt and has an anticipated annualized base salary range of $90k-$110k for a new employee depending on a number of relevant factors including individuals’ experience, qualifications, knowledge, skills, abilities, client/property or company budgetary limitations/guidelines, and other job-related company and market considerations. This position may be eligible to receive discretionary and/or performance-based bonuses on a spot or annual basis, which are variable depending on individual merit/performance, budgetary limitations, company performance, and other job-related factors. Full-time positions (30 hours/week) are eligible for 2 weeks paid vacation, 1 week sick leave, 11 paid holidays, and health & welfare benefits as outlined on the Company’s website. To learn more about our company and our benefits, go to: https://pratumco.com/careers/
Pratum Companies is committed to a diverse workforce and is an Equal Opportunity Employer.
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Salary : $90,000 - $110,000